LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Janus Henderson AAA CLO ETF
JAAA
$29.1B
| $129M | 0.07% |
2,545,210
+1,079,588
| +74% | +$54.6M |
|
252
American Express
AXP
$228B
| $128M | 0.07% |
560,594
+27,577
| +5% | +$5.72M |
|
253
Eaton
ETN
$150B
| $127M | 0.07% |
405,535
+30,253
| +8% | +$8.27M |
|
254
First Trust Managed Municipal ETF
FMB
$2.04B
| $126M | 0.07% |
2,453,136
+266,164
| +12% | +$13.7M |
|
255
Capital Group Core Equity ETF
CGUS
$11.2B
| $126M | 0.07% |
4,029,984
+1,102,779
| +38% | +$32.7M |
|
256
iShares MSCI Intl Quality Factor ETF
IQLT
$13.9B
| $125M | 0.07% |
3,155,233
+341,015
| +12% | +$13M |
|
257
Vanguard Real Estate ETF
VNQ
$39.4B
| $125M | 0.07% |
1,444,442
-1,110
| -0.1% | -$94.8K |
|
258
Intel
INTC
$460B
| $125M | 0.07% |
2,825,986
+101,504
| +4% | +$4.52M |
|
259
Capital Group Global Growth Equity ETF
CGGO
$11.4B
| $125M | 0.07% |
4,326,246
+476,842
| +12% | +$13M |
|
260
Vanguard Extended Market ETF
VXF
$30.4B
| $125M | 0.07% |
710,524
+19,626
| +3% | +$3.26M |
|
261
Truist Financial
TFC
$63.5B
| $123M | 0.07% |
3,167,706
+202,443
| +7% | +$7.41M |
|
262
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.06B
| $123M | 0.07% |
2,876,455
-43,349
| -1% | -$1.76M |
|
263
ServiceNow
NOW
$114B
| $123M | 0.07% |
804,195
+85,970
| +12% | +$13M |
|
264
Thermo Fisher Scientific
TMO
$214B
| $121M | 0.07% |
208,192
-41,486
| -17% | -$23.3M |
|
265
Invesco Aerospace & Defense ETF
PPA
$8.15B
| $121M | 0.06% |
1,187,842
+155,842
| +15% | +$14.8M |
|
266
Honeywell
HON
$76.7B
| $120M | 0.06% |
621,785
+7,028
| +1% | +$1.32M |
|
267
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.65B
| $120M | 0.06% |
2,954,276
+265,408
| +10% | +$10.4M |
|
268
iShares Russell 2000 Value ETF
IWN
$14.4B
| $120M | 0.06% |
753,757
+18,808
| +3% | +$2.85M |
|
269
JPMorgan International Research Enhanced Equity ETF
JIRE
$11.3B
| $119M | 0.06% |
1,904,117
+287,122
| +18% | +$17.2M |
|
270
Williams Companies
WMB
$86.7B
| $118M | 0.06% |
3,029,467
+79,419
| +3% | +$2.82M |
|
271
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $118M | 0.06% |
434,650
+71,701
| +20% | +$18.3M |
|
272
ASML
ASML
$634B
| $117M | 0.06% |
121,015
+2,701
| +2% | +$2.4M |
|
273
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $116M | 0.06% |
2,512,166
+204,759
| +9% | +$9.44M |
|
274
Blackrock
BLK
$170B
| $116M | 0.06% |
139,020
+5,378
| +4% | +$4.32M |
|
275
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.51B
| $116M | 0.06% |
607,161
+16,120
| +3% | +$2.98M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.